HDFC MF Launches HDFC Fixed Maturity Plan - 13M - August 2011 (18) - 1 - Dividend

HDFC MF launches FMP
HDFC Mutual Fund launched new scheme named as HDFC Fixed Maturity Plan - 13M - August 2011 (18) - 1 - Dividend. The scheme is a close ended debt scheme.

The New Fund Offer (NFO) price for the schemes is Rs. 10 per unit. The NFO will open on August 9, 2011 for subscription.

The investment objective of the plans is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plans.

Entry load is nil and exit load charge will not be applicable in the scheme as per the circulation of SEBI.

The minimum application amount is Rs. 5,000.

Mr. Bharat Pareek will be the Fund Manager for the scheme.

The category returns for 3 months, 6 months and 1 year are 12.10%,10.85% and 10.85% respectively.

Read more about: mutual funds, fmp, nfo, investment
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